Question: Which inventory method is better described as having an income - statement focus and why is it considered as such? Multiple Choice FIFO; better approximates

Which inventory method is better described as having an income-statement focus and why is it considered as such?
Multiple Choice
FIFO; better approximates inventory cost necessary to generate revenue
LIFO; better approximates inventory cost necessary to generate revenue
LIFO; better approximates the value of ending inventory
FIFO; better approximates the value of ending inventory
Which inventory method is better described as having an income-statement focus

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